GDEV Inc. (GDEV) vs TON Strategy Co. (TONX)
A side-by-side comparison of GDEV Inc. and TON Strategy Co. across valuation, profitability, dividends, and growth — built entirely from reported fundamentals, as of October 6, 2026. Differences are shown without an overall score or investment verdict.
GDEV
GDEV Inc.
$11.56TechnologyDelayed quote: Oct 6, 2026, 3:17 PM EDT
TONX
TON Strategy Co.
$3.56TechnologyDelayed quote: Oct 6, 2026, 3:14 PM EDT
Total return — GDEV vs TONX
growth of $100 · dividends reinvested · last 6yGDEV -85.4% (-27.4%/yr)TONX -100.0% (-72.6%/yr)GDEV compounded faster over this window
Log scale — wide-divergence pair
GDEV TONX
GDEV vs TONX: by the numbers
- •GDEV is the larger company ($210M vs $201M market cap).
- •GDEV is profitable (19.75% net margin) while TONX runs a net loss (-533.54%).
- •TONX grew revenue faster over the past five years (24.57% vs 2.55% CAGR).
Metrics side by side
Valuation
| Metric | GDEV | TONX |
|---|---|---|
| P/E ratio | 2.81 | N/A |
| Forward P/E | 2.52 | N/A |
| P/S ratio | 0.55 | 6.80 |
| P/B ratio | N/A | 0.51 |
| EV / EBITDA | 1.65 | N/A |
| FCF yield | 23.69% | N/A |
Profitability
| Metric | GDEV | TONX |
|---|---|---|
| Gross margin | 64.65% | 69.53% |
| Operating margin | 20.05% | -260.67% |
| Net margin | 19.75% | -533.54% |
| ROE | N/A | -39.63% |
| ROIC | N/A | -7.81% |
Growth (annualized)
| Metric | GDEV | TONX |
|---|---|---|
| Revenue CAGR (5Y) | 2.55% | 24.57% |
| FCF CAGR (5Y) | -9.92% | N/A |
| Total return CAGR (5Y) | -29.39% | -81.57% |
Frequently asked
- Which has grown faster, GDEV or TONX?
- Over the past five years, TONX grew revenue faster — GDEV at a 2.55% CAGR versus TONX at 24.57%.
- Is GDEV or TONX more profitable?
- GDEV runs the higher net margin — GDEV at 19.75% versus TONX at -533.54%.
- How have GDEV and TONX total returns compared?
- Over the past 5 years, GDEV delivered -29.39% and TONX delivered -81.57% annualized total return. Past performance doesn't predict future results.
Go deeper
Dig into the metrics
GDEV P/E ratioGDEV ROETON Strategy ROEGDEV operating marginTON Strategy operating marginGDEV revenue growthTON Strategy revenue growthGDEV free cash flowTON Strategy free cash flow
GDEV & TON Strategy appear in these rankings
Figures are sourced from reported fundamentals and the latest end-of-day price. This comparison is informational only and is not investment advice. Past performance does not predict future results. See our methodology. Compiled by TGMCharts Research · data verified October 6, 2026.